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Energy

Iraq seeks backup options for West Qurna 2

As a sanctions deadline looms, Basra Oil Company is poised to manage the 480,000 bpd field while Lukoil continues negotiating to sell its stake.
A ceremony at the West Qurna 2 oil field in Basra to mark the opening of two new well complexes on June 1, 2023. (JASSIM AL-JABIRI/Iraq Oil Report)

Beyond the Headlines: Nov. 14-20

Pipeline accident in Basra Cabinet approves two power plants Eni to train Basra farmers Missan decries border closure

Cabinet approves Shell gas deal

A final signing could come as early as next week, after Iraq's Cabinet approved Shell's deal to capture billions of dollars' worth of associated gas that is currently flared in Basra.

Beyond the Headlines: Nov. 7-13

Baghdad begins KRG contract audits Iraq hires Japanese power consultants Missan readies claim on Wasit territory Generator barge plugs into Basra port

Iraq threatens Exxon with blacklist

Top central government officials said Exxon's deal with the KRG for six blocks violates the West Qurna 1 contract and jeopardizes the company's future in Iraq.